€50,000 in­vest­ment pro­gramme open to young en­trepreneurs in Wick­low

Bray People - - NEWS -

YOUNG en­trepreneurs are be­ing in­vited to take part in this year’s Ire­land’s Best Young En­trepreneurs pro­gramme which has a €50,000 in­vest­ment fund on of­fer to lo­cal win­ners and run­ners-up.

The Wick­low sec­tion of the na­tional pro­gramme is be­ing run through Wick­low Lo­cal En­ter­prise Of­fice across three cat­e­gories: Best Busi­ness Idea, Best Start-Up Busi­ness and Best Es­tab­lished Busi­ness. In­ter­ested par­ties have un­til Fri­day, Septem­ber 29 to ap­ply.

The com­pe­ti­tion is open to peo­ple be­tween the ages of 18 and 35 with an in­no­va­tive busi­ness idea, new start-up or es­tab­lished busi­ness. Now in its 4th year, IBYE has an in­vest­ment fund of up to €2mil­lion.

Speak­ing at the na­tional launch Shee­lagh Daly, Head of En­ter­prise with Lo­cal En­ter­prise Of­fice Wick­low said ‘ the sub­stan­tial in­vest­ments avail­able un­der IBYE are a very im­por­tant part of the pro- gramme and will help more young en­trepreneurs here lo­cally to grow their busi­nesses and cre­ate more jobs. Other busi­ness sup­ports, such as man­age­ment train­ing, net­work­ing and one-to-one men­tor­ing are also at the heart of IBYE.’

With an IBYE in­vest­ment fund of €50,000, LEO Wick­low will award up to six in­vest­ments to three cat­e­gory win­ners and three run­ners-up at county level. The lo­cal win­ners in the Best Start-Up and Best Es­tab­lished Busi­ness cat­e­gories at county level will re­ceive in­vest­ments of up to €15,000 each and the two run­ners-up will each re­ceive up to €5,000. The Best Busi­ness Idea win­ner at county level will re­ceive an in­vest­ment of up to €7,000 and the run­ner-up will re­ceive up to €3,000 of in­vest­ment. These win­ners at county level will progress to Re­gional Fi­nals hosted early next year in Wick­low and the na­tional IBYE fi­nals will be held in March 2018.

Min­is­ter Frances Fitzger­ald launches the IBYE fund.

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